💨 Abstract

Oil prices fell more than 2% on Friday, with Brent and WTI set for their biggest weekly declines since October. The drop is due to concerns about weaker Chinese demand and a potential slowing in the pace of U.S. Federal Reserve interest rate cuts. China's oil refiners processed less crude in October, and its factory output growth and property sector demand woes have raised concerns about the economic health of the world's largest crude importer.

Courtesy: theprint.in